Berkshire Hathaway's Annual Meeting 2013

Every May, in a rite of spring, investors flock to Nebraska to consult the oracle of Omaha. Warren Buffett, CEO of Berskshire Hathaway, welcomes throngs of shareholders--more than 35,000 are expected-- to his hometown, offering wit, wisdom and a cavernous retail space showcasing Berkshire's products.

Warren Buffett, the leader of Berkshire Hathaway Inc. since the 1960s, said the company’s next chief executive officer will bolster the company’s reputation as a source of stability in times of crisis.

American International Group Inc. Chief Executive Officer Robert Benmosche said he was surprised by Warren Buffett’s account of how he hired away four AIG executives in a push into commercial insurance.